Professional Documents
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11thAugust 2017
27842 -
Market Outlook COMDEX
Gold prices continued higher on Thursday, adding to their
biggest one-day gain in three months amid simmering
geopolitical tensions between the U.S. and North Korea. The
yellow metal scored its sharpest daily rise since mid-May on
Wednesday as investors piled into safe haven assets amid
intensifying tensions between the U.S. and North Korea, with
Pyongyang saying it is considering plans to attack Guam. Oil
prices rose on Thursday, lifted by a sustained decline in
inventories and as Saudi Arabia prepared to cut crude supplies Market Updates
to its prized Asian customers. MCX Date Date % Chg
9-08-17 10-08-
Fundamental News 17
Gold has been well-supported in recent weeks as fading GOLD 28844 29176 +1.15%
expectations for a third Fed rate hike this year due to weak SILVER 38590 39213 +1.61%
inflation combined with deepening political turmoil in the White COPPER 413.60 411.50 -0.51%
House boosted the appeal of the precious metal. CRUDE 3157 3128 -0.92%
ALUMINIUM 128.80 129.80 +0.78%
OPEC forecast higher demand for its oil in 2018 due to rising
LEAD 150.30 150.90 +0.40%
global consumption and slower supply growth from rivals, although NICKEL 686.70 697.20 +1.53%
another jump in the group's output suggested the market will ZINC 187.60 187.55 -0.03%
remain in surplus despite efforts to rein in production. NATURALGAS 185.40 191.90 +3.51%
COMEX Date Date % Chg
9-08-17 10-08-17
Important Data GOLD 1279.30 1289.91 +0.83%
SILVER 16.863 17.032 +1.00%
Time Currenc Event Forecast Previous CRUDE 49.56 48.73 -1.67%
y COPPER 2.927 2.904 -0.79%
$ INDEX 93.41 93.40 -0.02%
RBA Gov Lowe USDINR 63.9875 64.2200 +0.36%
5:00am AUD
Speaks
PIVOT
LME INVENTORY
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Due to Summer
COMMODITIES Bank Holiday NO LME
3/08/2017 DATA TODAY
4/08/2017 8/08/2017 9/08/2017 10/08/2017
GUARSEED
Guarseed showed bearish movement and found the
important support level of 3750. If prices sustains
below 3750 level in next trading session then this
momentum can take prices to 3700 level. If it breaks
the resistance level of 3800 then 3850 will act as
next resistance level.
PIVOTS S1 S2 R1 R2
JEERA
Jeera showed bearish movement today and found
the resistance level of 19250. If prices sustain below
19200 levels in next trading session then this
momentum can take prices to 19000 levels. If it
breaks the resistance level of 19500 then 20000 will
act as next resistance level.
PIVOTS S1 S2 R1 R2
SOYABEAN
Soyabean showed bearish movement and found the
important support level of 3090. If prices sustain
below 3080 level in next trading session then this
bearish momentum can take prices to 3050 level. If
it breaks the resistance level of 3150 then 3200 will
act as next resistance level.
PIVOTS S1 S2 R1 R2
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